1874 Gulf To Bay BlvdClearwater, FL 33765

Property Details for 1874 Gulf To Bay Blvd

Year built

1961

Construction

CONCRETE BLOCKS

Lot size

0.03 AC

Property size (Sq ft)

1,827 SF

Property type

Office properties

Property subtype

Office buildings

APN

13-29-15-82602-000-0011

APU

132915826020000011

Description

This exceptional investment opportunity presents a 2,475 square foot mixed-use property located at 1874 Gulf to Bay Boulevard in Clearwater, Florida, 33765. The property consists of a two-story, 1,827 square foot office building previously occupied by a digital printing company, offering excellent visibility and signage on Gulf to Bay Boulevard. A separate 600 square foot residential building is also included, requiring renovations. The property boasts a new roof installed in 2018, and all three units have independent access, creating a flexible multi-tenant lease structure. This versatility allows for diverse income streams and potential for significant return on investment. The asking price is $595,000. Given the current market rate of approximately $15 per square foot, net, net, net (NNN) for retail/office leases in the area, this property presents a compelling opportunity for savvy investors seeking a strong foothold in the thriving Clearwater market. The property is currently vacant, providing immediate opportunity for lease-up and income generation. Located in Pinellas County, this property offers easy access to major transportation routes and a vibrant local economy. This is a rare chance to acquire a well-situated mixed-use property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $415,140

  6.5%

  $383,206

  7%

  $355,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,482

  Geo Method

  $201,482

• Alternative Use

  Use

  Valuation

  Residential

  $475,176

  Hospitality

  $435,258

  Educational

  $362,130

  Medical

  $374,584

  Retail

  $563,313

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9613

Longitude

-82.7597

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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